Banco Macro (NYSE: BMA) financial statements
The consolidated income statement, balance sheet and cash flow statement of Banco Macro for its last 9 fiscal years, as filed with the regulator, in millions of Argentine pesos. At the end of fiscal 2025 it had ARS 23,239,424m in total assets and ARS 5,231,520m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | ARS 58,666m | ARS 55,937m |
| Operating profit | ARS 1,564,595m | ARS 3,575,207m | ARS 5,796,603m | ARS 1,953,660m | ARS 548,115m | ARS 205,621m | ARS 125,182m | ARS 56,301m | ARS 36,353m |
| Finance costs | ARS 1,930,459m | ARS 1,907,020m | ARS 1,621,299m | ARS 307,140m | ARS 94,434m | ARS 60,834m | ARS 64,157m | ARS 29,564m | ARS 16,972m |
| Profit before tax | ARS 511,121m | ARS 473,595m | ARS 2,477,083m | ARS 401,072m | ARS 145,944m | ARS 115,262m | ARS 69,167m | ARS 18,335m | ARS 22,069m |
| Income tax | ARS 220,416m | ARS 44,100m | ARS 808,752m | ARS 124,572m | ARS 7,194m | ARS 38,361m | ARS 26,593m | ARS 19,835m | ARS 12,936m |
| Net profit | ARS 289,495m | ARS 428,194m | ARS 1,667,326m | ARS 276,451m | ARS 138,745m | ARS 76,900m | ARS 42,573m | −ARS 1,500m | ARS 9,133m |
| Earnings per share | ARS 452.75 | ARS 669.67 | ARS 2,607.59 | ARS 432.35 | ARS 35.77 | ARS 40.90 | ARS 32.30 | −ARS 1.06 | ARS 14.51 |
| Diluted earnings per share | ARS 452.75 | ARS 669.67 | ARS 2,607.59 | ARS 432.35 | ARS 35.77 | ARS 40.90 | ARS 66.58 | −ARS 2.27 | ARS 14.51 |
| Depreciation and amortisation | ARS 178,815m | ARS 181,722m | ARS 166,433m | ARS 103,406m | ARS 43,225m | ARS 12,944m | ARS 6,178m | ARS 3,086m | ARS 2,165m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ARS 23,239,424m | ARS 19,064,605m | ARS 14,629,820m | ARS 6,508,794m | ARS 1,946,567m | ARS 1,169,087m | ARS 606,152m | ARS 540,302m | ARS 338,070m |
| Property, plant and equipment | ARS 1,043,087m | ARS 1,036,990m | ARS 776,953m | ARS 317,211m | ARS 102,991m | ARS 51,878m | ARS 35,053m | ARS 23,912m | ARS 15,206m |
| Cash | ARS 4,518,862m | ARS 3,766,927m | ARS 3,966,049m | ARS 6,689,917m | ARS 4,094,064m | ARS 2,413,600m | ARS 589,984m | ARS 412,940m | ARS 172,187m |
| Total liabilities | ARS 18,004,878m | ARS 13,735,943m | ARS 10,190,197m | ARS 4,913,674m | ARS 1,479,770m | ARS 940,341m | ARS 461,759m | ARS 446,609m | ARS 266,318m |
| Equity | ARS 5,231,520m | ARS 5,326,519m | ARS 4,438,608m | ARS 1,594,856m | ARS 466,724m | ARS 228,743m | ARS 144,391m | ARS 93,691m | ARS 71,442m |
| Equity including minorities | ARS 5,234,546m | ARS 5,328,662m | ARS 4,439,623m | ARS 1,595,120m | ARS 466,797m | ARS 228,746m | ARS 144,393m | ARS 93,693m | ARS 71,752m |
| Minority interests | ARS 3,026m | ARS 2,144m | ARS 1,015m | ARS 263.7m | ARS 73.8m | ARS 2.8m | ARS 1.9m | ARS 1.5m | ARS 310.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | ARS 555,198m | ARS 2,633,788m | −ARS 244,152m | ARS 3,510,892m | ARS 271,768m | ARS 351,896m | ARS 28,480m | ARS 159,426m | −ARS 26,077m |
| Investing cash flow | −ARS 171,945m | −ARS 175,867m | ARS 232,962m | −ARS 164,991m | −ARS 42,026m | −ARS 10,809m | −ARS 8,507m | −ARS 5,270m | −ARS 4,530m |
| Financing cash flow | ARS 534,107m | −ARS 778,804m | −ARS 163.1m | −ARS 169,390m | −ARS 52,644m | −ARS 20,051m | −ARS 31,878m | −ARS 16,417m | ARS 35,350m |
| Capital expenditure | −ARS 171,945m | −ARS 163,800m | −ARS 163,495m | −ARS 164,965m | −ARS 41,810m | −ARS 10,809m | −ARS 8,507m | −ARS 5,270m | −ARS 4,530m |
| Dividends paid | −ARS 388,359m | −ARS 808,803m | −ARS 507,287m | −ARS 129,488m | −ARS 77,887m | −ARS 58,747m | −ARS 17,480m | −ARS 9,449m | −ARS 1,825m |
Where each figure comes from
From the annual report (Form 20-F) that Banco Macro files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Banco Macro page.
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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.